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Dubai, UAE : Network International, the leading enabler of digital commerce across the Middle East and Africa, is collaborating with the leading buy now, pay later (BNPL) provider tabby, to enable its UAE e-commerce merchants to offer consumers the option to split their purchases into four interest-free payments.
The agreement will enable e-commerce merchants in the UAE using Network’s N-Genius™ Online gateway to accept this emerging and increasingly popular method of payment. BNPL solutions give customers the option to easily split their purchases into interest-free payments, thus creating value for both customers and merchants. In the wake of the pandemic when consumers turned to online buying for their needs, BNPL has emerged as an attractive, flexible payment option for consumers. Founded by Hosam Arab and Daniil Barkalov in late 2019, tabby is the Middle East’s first and largest BNPL provider.
Commenting on the partnership, Andrew Key, President – Merchants and Governments at Network International, said, “The digital payment landscape around the world is fast evolving and as the country’s largest payment solution provider, Network has always taken the lead in delivering solutions that enhance and expand our merchants’ offering to their consumers. Enabling BNPL will help ecommerce merchants provide a better checkout experience as well as increase conversions and expand their client base.
“We believe that newer digital payments such as BNPL will play a major role in shaping the future of digital payments, globally and in the UAE. We are happy to support tabby in the region, and through our partnership we look forward to creating new opportunities for our merchants, while opening significant growth opportunities to the UAE’s internet economy,” added Key.
As the UAE’s largest acquirer and leading enabler of digital commerce across the Middle East and Africa (MEA) region, Network International has taken a lead role in providing merchants and consumers across the region with best-in-class payment solutions. Network’s state-of-the-art N-Genius Online™ payment gateway delivers advanced performance, security, and scalability and offers merchants and consumers a seamless and secure payment experience.
Hosam Arab, tabby CEO and Co-Founder, said, “We are delighted to be partnering with a regional powerhouse and payments leader such as Network International and together more seamlessly enabling e-commerce merchants to grow by giving their customers increased flexibility at checkout.”
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About Network International:
Network International comprises a group of companies and is the leading enabler of digital commerce across the Middle East and Africa (MEA) region, providing a full suite of technology-enabled payments solutions to merchants and financial institutions of all types and sizes, including acquiring and processing services and a comprehensive ever-evolving range of value-added services.
Network International Holdings Plc is the holding company for Network International and the group companies.
Network International:
Tricia Kaul
ASDA’A BCW,
Dubai, UAE,
Tel: +971 4 450 7600
About tabby:
tabby makes shopping more rewarding by empowering people with the flexibility and freedom to get what they want. tabby lets you shop now, pay later and earn cash – without the interest, fees or debt traps. Over 2,000 global brands and small businesses, including Adidas, IKEA, SHEIN, and Marks & Spencer use tabby to accelerate growth and gain loyal customers by offering easy and flexible payments online and in stores.
tabby is the Middle East’s first and largest buy now, pay later provider and has raised +$130m in funding from global and regional investors. Founded by CEO Hosam Arab (previously Co-founder and CEO of Namshi) and COO Daniil Barkalov (ex-Lamoda).
© Press Release 2021
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